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1/15/24, 10:17 AM UAE shares dip on escalating Mideast conflict | Reuters
UAE shares dip on escalating Mideast

conflict

By Md Manzer Hussain
January 12, 20243:55 PM GMT+4Updated 3 days ago

Investors speak in front of a screen displaying stock information at the Abu Dhabi Securities Exchange, United Arab Emirates June 25, 2014.
REUTERS/Stringer/File Photo Acquire Licensing Rights

Jan 12 (Reuters) - Stock markets in the United Arab Emirates ended lower on Friday amid rising tensions in
the Middle East as the United States and Britain launched strikes against Houthi military targets in Yemen.

In Abu Dhabi, the index (.FTFADGI) was down 0.5%, ending its five-sessions winning streak, while weekly
gains hit over a two-month high.

The conglomerate International Holding Company (IHC.AD) dropped 0.7%, and the UAE's largest lender,
First Abu Dhabi Bank (FAB.AD) slipped 2%, the sharpest decline in over two months.

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